JOJO Exchange

**Prediction markets signal strong Fed dovishness** Polymarket traders are betting heavily on a Federal Reserve interest rate cut this December. The probability of a **25 basis point reduction** has jumped to 87%. **Key details:** - Market sentiment strongly favors monetary easing - December Fed meeting outcome increasingly predictable - Crypto prediction markets reflecting broader economic expectations This surge in betting odds suggests traders expect the Fed to continue its accommodative monetary policy stance. The high probability indicates widespread market consensus around the upcoming decision. *Polymarket continues serving as a real-time gauge of economic sentiment and policy expectations.*

**Robinhood dominates prediction markets overnight** In just two weeks, Robinhood captured **85% of prediction market volume** from Kalshi, despite Kalshi's three-year regulatory battle with the CFTC. **Key developments:** - Kalshi, once valued at $11B, sees market share evaporate - Superior user experience drives users to Robinhood - Robinhood now offers only public equity exposure to $5B monthly prediction market volume **The irony:** Kalshi built the regulatory foundation and market infrastructure, but Robinhood's streamlined platform captured the user base. This shift highlights how **user experience often trumps first-mover advantage** in financial markets.

**BingX Charity** has committed **HKD $5 million** to support families affected by recent fires in Hong Kong. The cryptocurrency exchange's charitable arm is providing direct assistance for recovery efforts in the impacted communities. - Financial support targeted at affected families - Recovery assistance for fire-damaged areas - Community solidarity initiative during crisis BingX joins other crypto companies like Crypto.com in providing humanitarian aid to Hong Kong residents during this challenging period. The donation demonstrates the crypto industry's growing role in disaster relief and community support efforts.

**Institutional participation in Ethereum is evolving** from passive holding to active network participation through staking. Major institutions are now: - Directly staking ETH tokens - Supporting Ethereum's infrastructure - Moving beyond simple asset accumulation **The critical question**: How much institutional staking helps versus hurts Ethereum's decentralization? This shift represents a **fundamental change** in how traditional finance engages with Ethereum. While institutional involvement brings capital and legitimacy, it raises concerns about network centralization. The balance between institutional participation and decentralization will likely shape Ethereum's future development and governance structure.

The **Czech National Bank** has launched a groundbreaking pilot program with a **$1 million digital asset portfolio**. The experimental holdings include: - Bitcoin - USD stablecoin - Tokenized deposit This marks a significant step for traditional central banking institutions entering the digital asset space. The pilot could serve as a **blueprint for other global central banks** considering blockchain integration. The move signals growing institutional acceptance of digital assets and tokenized financial systems within traditional banking infrastructure.

**Federal Reserve rate cut expectations shift dramatically** December rate cut probability has **dropped below 50%**, falling from 65% previously. This represents a significant market sentiment change. **Key developments:** - Sharp decline follows recent White House statement - Investor uncertainty continues to grow - Markets reassessing Fed policy expectations The probability shift indicates traders are becoming more cautious about potential monetary policy changes. Previous expectations of a likely December cut have now turned into a coin-flip scenario. This development affects broader market positioning and trading strategies across traditional and crypto markets.

The **Winklevoss twins** are launching a strategic acquisition of Zcash through their treasury firm, aiming to accumulate approximately **5% of the total $ZCASH supply**. This move follows their recent success with Ethereum holdings, where their crypto treasury firm now controls **2.9% of the ETH supply** and maintains nearly **$398 million in cash** for additional purchases. The acquisition strategy demonstrates the twins' commitment to building substantial positions in major cryptocurrencies through their institutional treasury operations.

Japan's stock exchange (JPX) is exploring **tighter regulations** for companies holding significant cryptocurrency in their corporate treasuries. **Key developments:** - New rules would target firms with substantial crypto holdings - Metaplanet confirms current compliance through governance procedures - Company has shareholder authorization for crypto strategy This follows Japan's broader regulatory framework development, including recent stablecoin self-regulation by the Japan Virtual Currency Exchange Association. **Impact:** Companies may need enhanced reporting or governance standards for crypto treasury management. Trade available on [jojo.exchange](http://jojo.exchange)

**Major outflows hit crypto ETFs on November 12th**, with investors pulling significant funds from Bitcoin and Ethereum products. **Bitcoin spot ETFs** saw $278.1M in net outflows, while **Ethereum spot ETFs** recorded even larger outflows of $183.7M. **Solana bucked the trend** with $18.1M in inflows, continuing its positive momentum from earlier in the month when it attracted $199M. The outflows suggest investors may be: - Taking profits after recent gains - Rotating positions amid market uncertainty - Showing preference for alternative assets like Solana This pattern mirrors previous volatility seen in October when Bitcoin and Ethereum ETFs experienced similar large outflows of $326M and $428M respectively.

Bitwise Chief Investment Officer Matt Hougan forecasts **2026 as the year crypto enters its genuine bull market phase**. Hougan points to two key fundamental drivers: - **Institutional investment** continuing to flow into digital assets - **Tokenization** gaining momentum across traditional finance The prediction builds on Hougan's previous forecasts about corporate Bitcoin adoption, which he expects to accelerate due to new accounting rules and reduced regulatory risks. Unlike speculative rallies, Hougan emphasizes these are **structural changes** that could sustain long-term growth in the crypto market.